Address
3041 S Pine AVENUE, OCALA, FL
Price
$ 3,500,000
Property Attributes
  • MLS#O6184629
  • TypeCommercial
  • CountyMARION
  • CityOCALA
  • AreaOcala
  • NeighborhoodSouthwood
  • Zip34471
  • StyleHotel/Motel
  • Year Built1955
  • Taxes$ 10386
  • Price$ 3,500,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage10683
  • Lot Size1.71 Acres
Data Source:
Stellar MLS
Property Description

This meticulously managed 23-room motel is conveniently located in a very nice area right on US 301/27/441, south of the Ocala historic downtown square. It is also within a short drive to the modern commercial, shopping mall and restaurant area on US 200 in southwest of the city, the Ocala International Airport and the world renown World Equestrian Center (WEC). The property has a fenced swimming pool and a family BBQ area right in the middle of the court yard. There is also a manager's living quarters onsite. Parking space is abundant. Surrounding neighborhood is nice. There is also a convenient covered porch to the check-in office which sets it apart from other similar independent motels, especially during a Florida rainy day. The guest room interiors are well maintained and the business has been quite profitable under the diligent care of a reliable family ownership for many years. Apart from the many state parks and private lake parks with the many amazing natural wonders of artesian springs which have year-round constant 72-degree clear water discharging from underneath the earth, Ocala is also the “Horse Capital of the World.” Boasting more than 600 private horse farms, it is home to an abundance of horse-related attractions, events, and activities. It attracts many horse loving tourists from all around the world each year. Within an hour or two, residents in Ocala can also access both coastal beaches conveniently and yet have no worries of storm surges brought by annual hurricanes to the Florida coasts. Currently Ocala has been among the top destinations of new-comers relocating to Florida every year due to its idyllic lifestyle settings, family friendly environment, economic growth and affordable housing, hence many house hunters. Gainesville to the north within less than an hour, is where University of Florida is located with many mobile young adults. To the south within half an hour, it is the retired folks' paradise of The Villages with over 145,000 affluent retired residents ready to spend for travels. Further south in less than an hour, it will reach the theme parks entertainment metropolis of Orlando with more than 75 million annual tourist visits. There is a connected owner's or manager's living quarters on site. The apartment has a large living room, three bedrooms, two baths, one kitchen with a dining room.

Price History
3/5/2024 Listed $3,500,000

General Features

Sewer Public Sewer
Cooling Wall/Window Unit(s)
Utilities Public
Roof Tile
Appliances Microwave
Zoning B4
Construction Materials Stucco,Wood Frame
Year Built 1955
Levels One
Property SubType Hotel/Motel
Tax Year 2023
Percent Ownership Sole Proprietor
County Marion
New Construction No
Property Type Commercial Sale
Subdivision Name SOUTHWOOD
Facing Direction West
Building Features Bathrooms,Pool/Spa
Status Active
Directions Right at the NE corner of on US 301 & SE 31st St.
City OCALA
Buyer Agent Compensation 2%
MLS Area 34471 - Ocala
Lot Size Square Feet 74488
Waterfront Y/N No
Street Name Pine
Listing Terms Cash,Conventional
Tax Annual Amount 10386.52
Public Remarks This meticulously managed 23-room motel is conveniently located in a very nice area right on US 301/27/441,south of the Ocala historic downtown square. It is also within a short drive to the modern c
Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6184629
Days on Market 2
Standard Status Active
Tax Lot 2
Virtual Tour https://www.silverprincessmotel.us/
Legal Description SEC 29 TWP 15 RGE 22 PLAT BOOK F PAGE 002 SOUTHWOOD BLK B LOTS 2.3.4 & 5 EXC COM AT THE SW COR OF LOT 2 TH S 39-23-23 E ALONG THE NLY ROW LINE OF US HWY 441 39.75 FT TH N 52-00-25 E 217.43 FT TO THE
Water Access Y/N No
Water View Y/N No

Interior Features

Total Stories 1
Air Conditioning Y/N Yes
Street Suffix AVENUE
Living Area Units Square Feet

Exterior Features

Parking Features 19 to 30 Spaces,Ground Level
Lot Features City Lot
Water Source Public
Lot Size Area 1.71
Foundation Details Slab
Number of Buildings 1
Building Area Total 10683
Lot Size Acres 1.71
Road Surface Type Asphalt
Lot Size Units Acres
Road Frontage Type City Street,County Road,Main Throrughfare,State Road

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 34471

Price
AVG $1.33M
$3.5M
Taxes
AVG $9,432
$10,386
Visits
AVG 135
144
Data Provided by Inside Real Estate®
Year Built
AVG 1973
1955

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